Ratings

Connecticut took a "nose dive" to last place in a report assessing the credit quality of all 50 states released Tuesday by Conning, Inc., a Hartford-based asset manager that does financial research for insurers and institutional investors.

The report took a scathing view on the state's rising unemployment, declining home prices, high debt per capita and other factors, though state officials resisted the notion that Connecticut's credit is the worst in the country.

"Connecticut is not on most lists of states in fiscal stress," said Paul Mansour, managing director of Conning's municipal credit research group and lead author of the report. "However, the...

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